Critical Changes in GST Compliances from 1st January 2021 94/2020 –14th Amendment Rules 2020 Rule 21: Additional Grounds for Cancellation of Registration – (a) does not conduct any business from the declared place of business; (b) issues invoice or bill without supply of goods or
Case Covered: M/s Honda Cars India Ltd. Versus The Commissioner, Central Excise and Service Tax Facts of the Case: M/s Honda Cars India Ltd. has sought the quashing of the order dated January 23, 2015, passed by the Commissioner of Central Excise and Service Tax, New
To 1. The Director-General of Police 2. Principal Secretaries/ Secretaries, Department of Transport 3. The Transport Commissioners of all the States and Union Territories. Subject: Extension of the Validity of documents related to the Motor Vehicles Act, 1988 and Central Motor Vehicle Rules, 1989 Madam
Case Covered: M/s Ratan Industries Limited Versus The State Of U.P. Facts of the Case: The present petition has been filed by the petitioner challenging the order dated 24.1.2019 passed by respondent no. 3, whereby a tax demand of Rs. 91,450/- and interest thereon has
Case Covered: M/s. Page Industries Limited. Facts of the Case: The applicant is engaged in the manufacture, distribution, and marketing of Knitted and Woven Garments under the brand name of “Jockey”, swim-wears and Swimming Equipment under the brand name of “SPEEDO”. The applicant also gets
GST Insights – New Year Amendments The Central Government has made critical amendments to CGST Rules, 2017 vide Notification No. 94/2020–Central Tax dated 22.12.2020 to make provisions more stringent and harsh for the businesses especially to curb tax evasion and ITC frauds. I. Amendments effective
Finance Act 2020 provisions effective from 01-01-2021 1. Composition Taxable person barred from following transactions in services in wake of composition scheme applicable to services also to a limited extent i.e. he is barred from a) Making supply of services not leviable to tax b)
Major Changes in GST Rules! How many times the Rules amended? 2017 → 14 times 2018 → 14 times 2019 → 9 times 2020 → 14 times Total → 51 times! What’s new – Changes made through Not. No. 94/2020-CT! Input Tax Credit Returns Re-conciliation Registration Legal provisions Changes!
What is E-invoicing? Electronic invoicing / e-invoicing is a form of electronic billing! Why E-invoicing? E-invoicing is increasingly mandated by Governments across the world, particularly due to GST/VAT evasion Real-time invoice reporting discourages subsequent fraudulent changes/ adjustment Real-time reading of invoice/ data by Government Machines
Notification S.O…(E).- In exercise of the powers conferred by sub-section (2) of section 1 of the Companies (Amendment) Act, 2020 (29 of 2020), the Central Government hereby appoints the 21st day of December 2020 as the date on which the following provisions of the said
